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From what we can see, insiders were net buyers in iCandy Interactive Limited's (ASX:ICI ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
View our latest analysis for iCandy Interactive
The Last 12 Months Of Insider Transactions At iCandy Interactive
Over the last year, we can see that the biggest insider purchase was by insider Yong Loong Tan for AU$840k worth of shares, at about AU$0.034 per share. That means that an insider was happy to buy shares at above the current price of AU$0.025. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Yong Loong Tan was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
iCandy Interactive is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that iCandy Interactive insiders own 27% of the company, worth about AU$8.7m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At iCandy Interactive Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think iCandy Interactive insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing iCandy Interactive. For instance, we've identified 3 warning signs for iCandy Interactive (2 are concerning) you should be aware of.